TaxPersonal TaxTaxpayers celebrate epic Arctic Systems victory

Taxpayers celebrate epic Arctic Systems victory

Geoff and Diana Jones win husband-and-wife company tax case against HMRC

arctic systems

Tax payers were celebrating an epic tax victory against HM Revenue &
Customs this morning as Geoff and Diana Jones, the owners of Arctic Systems, won
a unanimous victory in the Lords.

The case, which has run since the Jones’ appeared in front of the special
commissioners in September 2004, finally concluded at the Lords, who ruled 5-0
in favour of the Jones’s.

The case has revolved around the way the couple split their salary and
dividend between them within the structure of their company Arctic Systems.

Advisers were thrilled with the result.

‘The CIOT is delighted that, after such a long battle, the House of Lords has
confirmed that HMRC were wrong to attack husband and wife businesses in this
manner,’ said Anne Redston from the CIOT said.

Further reading:

Read
the judgment here

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